The draft National Power Development Plan for the period 2021-2030, vision to 2045 (Power Planning VIII) submitted to the Prime Minister by the Ministry of Industry and Trade, highlighted Vietnam's offshore windpotential and the strong development trend in the world in terms of technology, price competitiveness of offshore wind power compared with other power sources. The Communist Party and Government have specific resolutions on renewable energy development in general and offshore wind power in particular. Therefore, this is the time when it is very necessary to make specific decisions to concretize the offshore wind potential of Vietnam into reality.
Enterprize Energy Corporation has cooperated to develop the seawater electrolysis platform with Tractebel Company - Overdick (Germany) for the Thang Long Wind project, with a capacity of 400MW (source: Thang Long Wind)
Vietnam has been and will continue to import coal and gas to generate electricity. Resolution of the Politburo No. 55-NQ / TW dated February 11, 2020 on Vietnam's National Energy Development Strategy to 2030, with a vision to 2045, clearly states the point of view: “National energy security is the foundation and at the same time an important premise for socio-economic development. Prioritizing the development of energy quickly and sustainably, going one step ahead, associated with protecting the ecological environment, ensuring national defense and security, implementing social progress and equity are of particular importance, is a central task throughout the process of industrialization and modernization of the country”. The Government has issued the Government's Resolution No. 136 / NQ-CP dated September 25, 2020 on sustainable development, in which the 7 out of 17 sustainable development goals to 2030 has content about ensuring energy security, in particular: "Ensuring access to a sustainable, reliable and affordable energy source for all people". For the first time in Vietnam, in draft Power Master Plan VIII, the potential of renewable energy in general, especially solar and wind power is assessed as a whole, namely solar power (including on ground, rooftop and on water surface) has the technical potential is 280GW, the onshore wind power has a technical potential of about 47GW and especially the offshore wind power has a technical potential of about 475GW (according to the World Bank-WB report) or about 162 GW ( According to the report of the Danish Energy Agency-DEA) According to forecasts on electricity demand, by 2030, the total capacity of Vietnam's electricity sources will be about 140GW and by 2045 about 280GW. With a synchronous solution and a concrete and positive implementation roadmap, renewable energy sources will be the basis to ensure the successful implementation of the resolutions of the Communist Party and Government.
In recent times, many onshore and nearshore solar and wind power projects have been implemented. State management agencies and investors have also drawn experiences to gradually improve mechanisms, policies and ways of investment and operation. The deployment of offshore wind power projects will be a decisive factor for promoting the development of the renewable energy sector in Vietnam. Politburo's Resolution No. 55-NQ / TW and Government Resolution No. 140 / NQ-CP dated October 2, 2020 promulgating the Government's action plan to implement Resolution No. 55-NQ / TW especially emphasized "Research, propose support policies and breakthrough mechanisms for offshore wind power development in line with the implementation of the Vietnam Maritime Strategy". The combination of international green technology and financial resources with wind conditions, marine geology, oil and gas industry facilities and domestic fabrication are key factors for success. The development of offshore wind power not only solves the problem of electricity shortages in Vietnam, but also solves problems of electricity purchase and sale prices following the decreasing trend, ensuring the flexibility of the grid through the storage system. In particular, the electrolysis of seawater from offshore wind power generates hydrogen gas (H2-Green Hydrogen) and Ammonia (NH3-Amonia). ), replacing the import of fossil fuel gas, serving the industry, transportation, contributing to reducing the cost of investment in the grid through the forms of liquefied gas transportation. Offshore wind power will contribute to bringing Vietnam in the future to be a country attracting hundreds of billions of dollars in foreign investment, improving localization (from 50% or more), and minimizing dependence on the imported fuel, service export and H2 gas export. It is time for state management agencies to expand on the concept of offshore wind power not only providing electricity through the conventional grid system but also aiming to export similar experiences that the oil and gas industry of Vietnam has been obtained from nearly 40 years of establishment and development.
In recent times, the British Embassy, Binh Thuan Provincial People's Committee, and Vietnam Energy Association have submitted many documents to propose to the Government and the Ministry of Industry and Trade to facilitate the development of offshore wind power and giving priority to pilot development of offshore wind power projects - Thang Long Wind because this project has enough conditions to be considered, granted investment policy decision. The Central Economic Commission has supported this proposal. The Prime Minister has also directed the Ministry of Industry and Trade to consider the recommendations of relevant agencies.
Brief summary of Thang Long Wind project.
The offshore wind power project Thang Long Wind offshore Binh Thuan Province, invested by Enterprize Energy Group (United Kingdom), is located 20-50Km from the coast of Binh Thuan, at a depth of 20-50m. Total installation capacity is 3400 MW, total investment is 11.9 billion USD, phase 1 will be completed in 2025, final phase will be completed in 2030. Up to the present time, this is the first and only world-class offshore wind power project which was received the Prime Minister's approval for the detail survey and the Ministry of Industry and Trade completed the appraisal of dossier of including TLW into the National Power Development Plan. In addition, Enterprize Energy Corporation completed the first year of offshore wind resource measurement and obtained particularly encouraging results.
Source: Nhan Dan Newspaper